The STI went into another free fall today and a 10 year low. I find it irritating that many stock analysts begin advising people to sell off all their stockholdings in one’s portfolio as SGX will drop to 2,000 or lower level mirroring the Global Financial Crisis in 2008. They are talking about charting and historical data and making it seemed as if exiting is the only strategy forward. If you have believed them, you would have been one of those many retail investors who had sold off all your shareholdings at whatever low price during this week’s bloodbath.
Panic selling for the whole weekThe game plan for many who had succumbed to panic selling this week, effectively, means you would have sold all your equities when prices are low and then try buying back when prices are even lower . I find it very sad and useless to try to...
1